By Jamie Martin
The U.S. Department of Agriculture (USDA) is now offering low-interest loans through the Farm Storage Facility Loan (FSFL) program to agricultural producers of perishable commodities such as fruits, vegetables, and floriculture.
These loans can help fund the construction or upgrade of controlled atmosphere storage facilities that regulate oxygen, carbon dioxide, and nitrogen levels to extend the shelf life of crops.
“Controlled atmosphere storage facilities are widely used by the seed grain industry here in Oklahoma. Our growers can now benefit from having this type of storage facility added to the list of eligible structures for Farm Storage Facility Loans, allowing producers to extend the shelf life of the commodities they grow and market,” said Steve Kouplen, FSA State Executive Director in Oklahoma.
These loans also cover the purchase of essential equipment like sensors, air quality monitors, and gas detectors needed for maintaining controlled atmosphere environments. The equipment helps ensure that the crops are stored in optimal conditions, protecting them from premature spoilage.
Loans can range from $50,000 up to $100,000, and higher amounts may require additional security. The loans are available to a wide range of agricultural producers, including new farmers, small businesses, and underserved groups. FSFLs are also available for portable structures, storage handling trucks, and monitoring equipment.
For more information, farmers can contact their local USDA Service Center. The loans help farmers invest in infrastructure that improves their operations, allowing them to better store and market their products.
Photo Credit: usda
Categories: National